Elon Musk attacks Biden’s unrealized
gains tax — as his wealth soars
Posted By: earlybird, 10/26/2021 2:10:20 PM
Tesla CEO Elon Musk slammed President Biden’s proposed tax on billionaires’ unrealized gains, which would target ultra-wealthy entrepreneurs like Musk and Amazon founder Jeff Bezos. (snip) Responding to a tweet that urged people to write to their political representatives in protest of the proposal, Musk said, “Exactly. Eventually, they run out of other people’s money and then they come for you.” The proposal, which would likely apply to fewer than 1,000 of the nation’s wealthiest citizens, would tax unrealized gains on billionaires’ assets, like stocks and real estate. People’s ownership in stocks is currently only taxed when they decide to sell.
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In closed-door congressional testimony earlier this month, Dr. Deborah Birx, a member of the White House Coronavirus Task Force, claimed the death toll from the virus in 2020 would have been substantially less dramatic had President Trump heeded her advice about stricter mitigation measures.(snip)
Birx also took aim at Dr. Scott Atlas, a Stanford radiologist and early critic of Birx’s harsh and unscientific approach to containing the virus. (snip)Atlas responded to Birx’s attack: (snip)It is not a surprise that Dr. Birx, as the official Task Force Coordinator of the White House Coronavirus Task Force from late February, 2020 through January 19, 2021, might want to blame others for the
America Gone Mad
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After three weeks in Europe and extensive discussions with dozens of well-informed and highly placed individuals from most of the principal Western European countries, including leading members of the British government, I have the unpleasant duty of reporting complete incomprehension and incredulity at what Joe Biden and his collaborators encapsulate in the peppy but misleading phrase, “We’re back.”
As one eminent elected British government official put it, “They are not back in any conventional sense of that word. We have worked closely with the Americans for many decades and we have never seen such a shambles of incompetent administration, diplomatic incoherence, and complete military ineptitude as we have seen in
How China Fuels America’s Drug Problem
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The vast majority of pharmaceuticals used in the United States come from China. That’s bad news for Americans, as both countries are now engaged in a new cold war.
The U.S. Food and Drug Administration (FDA) approved 53 novel drugs in 2020, which averages out at about one new drug every seven days. The United States, literally awash in prescription medication, is at the mercy of the FDA, a federal agency that approves drugs at an astounding rate. Why is this the case?
The reason why Big Pharma comes with a capital B is because the FDA—along with a number of elected politicians—has a vested interest in the success of the pharmaceutical
On this episode of The Federalist Radio Hour, Gen. Keith Kellogg, former acting National Security Adviser in the Trump administration, joins Culture Editor Emily Jashinsky to discuss what happened behind the scenes of former President Donald Trump’s foreign policy.
“He would use language in his unscripted way of getting a point across and he would make it a common language, common to the people of United States. It wouldn’t be diplomatic language. … There was clarity with the president. It was simple, it was direct. It was hard, and you understood it,” Kellogg said.
This evening Senator Josh Hawley released an email (via Twitter) showing the evacuation guidelines given by the administration to the U.S. officials on the ground in Kabul Afghanistan. The email details quoted instructions to Gregory A Floyd from someone in the administration speaking on behalf of Joe Biden.
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One of the lesser highlighted aspects to Attorney General Merrick Garland using the FBI to investigate parents as domestic extremists when they attend school board meetings, is that Garland put the prosecutorial process in the DOJ- National Security Division (DOJ-NSD).
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Health Care Workers Speak Out on Why They
Would Rather Lose Their Jobs Than Take
a COVID-19 Vaccine 13 replies
Would Rather Lose Their Jobs Than Take
a COVID-19 Vaccine 13 replies
Despite the COVID-19 vaccines having been promoted as safe and effective by legacy media, many health care workers are refusing to take them, and those who openly speak out about their concerns get censored by Big Tech companies or kicked off their platforms.
Some nurses and doctors are refusing vaccine mandates even if their refusal will cost them their jobs.
The Epoch Times reached out to some of these health care professionals to see why.
Prosecutors working with special counsel John Durham’s team indicated on Tuesday they may call former FBI General Counsel James Baker to testify in the case of former Democrat attorney Michael Sussmann, who was indicted for allegedly lying to the FBI.
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The new public health despotism
10 replies
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Rules are meant to codify some bit of rational truth and make it effective. These days, we find ourselves in situations where to do the genuinely rational thing might require breaking the rules of some institution.
Investigators in Florida confused Brian Laundrie's mother with her son while they were monitoring the family's home in the days after Laundrie's fiancée, Gabby Petito, was reported missing, a police spokesperson said.
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The revelation of the surveillance mistake clarifies at least one discrepancy -- but perhaps raises a new contradiction -- between the versions of events laid out by authorities and by the Laundrie family attorney of what happened during a critical few days in September after Petito went missing(snip)but before her body
Tesla CEO Elon Musk slammed President Biden’s proposed tax on billionaires’ unrealized gains, which would target ultra-wealthy entrepreneurs like Musk and Amazon founder Jeff Bezos.
(snip)
Responding to a tweet that urged people to write to their political representatives in protest of the proposal, Musk said, “Exactly. Eventually, they run out of other people’s money and then they come for you.”
The proposal, which would likely apply to fewer than 1,000 of the nation’s wealthiest citizens, would tax unrealized gains on billionaires’ assets, like stocks and real estate. People’s ownership in stocks is currently only taxed when they decide to sell.
Royal Dolt’uns
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They call themselves the “tie-dye bankers.” Jay Lipman and Johny Mair founded the $1.3 billion “hippie” investment firm Ethic, which specializes in “socially conscious,” “green” investing to “save the planet.”(snip)Indeed, “green” Ethic has millions of dollars tied up in fossil fuels, fracking, big pharma, and companies like EOG Resources (formerly Enron) and Halliburton.
This is public knowledge. So what kind of low-IQ/high-bank-account cretins could possibly be gullible enough to fall for Ethic’s con?
Meet Rain Man and Woman: Harry and Meghan! Yes, the royal twits have partnered with Ethic to advance their environmentalist agenda, because apparently neither of them can read. Or cogitate.
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I wrote previously about the offensive remarks that Barack Obama made while he was campaigning for Terry McAuliffe in Virginia.
Among those remarks were ones attacking the concerns that parents have had in Virginia about what is happening in the schools and what is being taught. “We don’t have time to be wasted on these phony trumped-up culture wars, this fake outrage, the right-wing media’s pedals to juice their ratings.” He accused Republican gubernatorial candidate Glenn Youngkin of avoiding “serious problems that affect serious people,” and suggested that outrage over the actions of school boards is unjustified.
So, someone want to apprise Mr. Pen and Phone
Does Alec Baldwin Deserve Decency?
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It was probably the worst day of Alec Baldwin's life when he accidentally shot and killed cinematographer Halyna Hutchins on the set of the movie "Rust" on Oct. 21. It's a time to feel terrible about a 42-year-old woman with a husband and a young son. Then, CNN's Jake Tapper used it in one of his commentaries to denounce the entire Republican Party for making this tragedy an occasion for jokes. "There's something about our politics right now that is driving people away from our shared humanity."
Our current secretary of the Treasury, Janet Yellen, is busy trying to find a way to tax wealth without calling it taxing wealth. She has eyes on taxing unrealized capital gains. What this means simply is taxing people for money they have not earned or received. That's it in a nutshell. That definition should leave even those who have never had a course in accounting or finance shaken.
Not only is Janet Yellen considering this, but the Democrat party is on board as well.
Donald Trump Jr. is taking aim at a longtime family foe—he’s hawking a t-shirt that uses a tragic movie-set shooting to mock Alec Baldwin, who famously skewered his father on “Saturday Night Live.”
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President Joe Biden argued Tuesday the United States is “on the right track” under his leadership, during a campaign speech for former Gov. Terry McAuliffe in Virginia. “We’re on the move but we’re on the right track, we’ve got more to do,” Biden boasted during his address, urging Virginians to support McAuliffe for governor.The president ignored Americans struggling with increased inflation, high gas prices, and supply chain shortages, and promoted the free things he wanted to give Americans.He argued Americans were enjoying increased household wealth, more manufacturing, and a high stock market.
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Arizona Senator Kyrsten Sinema sent political observers on the internet into a frenzy on Tuesday when she presided over the upper house of the United States Congress wearing a casual denim vest. The moderate Democrat who's been frustrating progressives and even her own party leadership over her opposition to parts of Joe Biden's Build Back Better agenda appeared in the Senate chamber yesterday afternoon in a black t-shirt dress and denim combo, surrounded by fellow lawmakers in suits and ties. Sinema is known for wearing eccentric outfits ranging from colorful wigs to a backpack and schoolgirl ensemble that she donned
Joe Biden is out tonight to speak at the rally for Terry McAuliffe in Virginia.
Now, one has to think that McAuliffe is feeling pretty desperate to have Biden out to stump for him. As we previously reported, McAuliffe acknowledged that Biden was not popular in Virginia and that basically they had to work their way around that fact. So he must be just grasping for anything he can having Biden in to speak at this point.
I can’t imagine Biden helping him at all. Biden doesn’t have any ability to really draw anyone. He surely doesn’t give an inspiring stump speech.
Comments:
I won’t say “but they’re billionaires”, because they already pay taxes. No one should be paying taxes on “unrealized gains”. Taxing these people just opens the door to moving the bar downward. I won’t be tricked into Biden’s class warfare. Sooner or later it bites the rest of us.